Corporate landlords are gobbling up mobile home parks and rapidly driving up rents — here’s why the space is so attractive to them

MoneyWise

Corporate landlords are gobbling up mobile home parks and rapidly driving up rents — here’s why the space is so attractive to them

Vishesh Raisinghani – August 30, 2022

Corporate landlords are gobbling up mobile home parks and rapidly driving up rents — here’s why the space is so attractive to them
Corporate landlords are gobbling up mobile home parks and rapidly driving up rents — here’s why the space is so attractive to them

The hunt for yield has pushed private equity firms and professional investors into new segments of the real estate market.

In recent years, sophisticated investors have snapped up multi-family units and single-family homes. Now, corporate landlords are targeting the most cost-effective segment of the real estate market: mobile home parks.

The most affordable housing available

Manufactured homes or mobile homes are considered the most affordable non-subsidized housing option in America. That’s because the owners own only the prefabricated unit and not the land under the home. The land is usually leased from the landlord of a trailer park.

The average monthly rent for a mobile home in 2021 was $593. That’s significantly lower than the average one-bedroom condo rental rate of $1,450. The mobile park rental also often includes utilities and insurance.

Rents typically rise 4% to 6% annually and renters have the flexibility to move their housing unit to another park. These factors make the manufactured home highly attractive to low-income households.

As of 2020, nearly 22 million Americans lived in mobile homes. That’s 6.7% of the total population or about one in 15 people across the country. However, the economic inefficiencies that make these manufactured homes affordable also make them attractive to professional investors.

Investing in mobile home parks

Factors such as below-market rents and disrepair make mobile home parks attractive for investors seeking to add value. The typical mobile home park lot costs $10,000, which means 80 lots would be worth $800,000 on average.

Put simply, the entry price for these parks is much lower than multi-family apartments and condo buildings across the country.

Professional investors can also raise rents significantly to improve the valuation of the property. Attracting tenants with higher incomes or improving the park’s amenities and infrastructure are other value-add strategies that make this asset class appealing.

The fact that moving a typical mobile home costs between $3,000 to $10,000 also means that most tenants are unable to afford the move. This gives landlords immense pricing power.

Meanwhile, the yield is much higher. The capitalization rate (the ratio of net operating income to market price) could be as high as 9%, according to real estate partners Dave Reynolds and Frank Rolfe, who together are the fifth-largest owner of mobile home parks in the U.S.

The largest mobile park landlord is real estate veteran Sam Zell. Zell’s Equity LifeStyle Properties (ELS) owns 165,000 units across the country and the asset is a key element of his $5.4 billion fortune.

In recent years, larger investors such as Singapore’s sovereign wealth fund GIC and private equity firms such as The Carlyle Group, Brookfield, Blackstone, and Apollo have also added exposure to this asset class.

Even Warren Buffett is involved. His firm’s subsidiary, Clayton Homes, is the largest manufacturer of mobile homes in the U.S., and also operates two of the biggest mobile home lenders, 21st Mortgage Corp. and Vanderbilt Mortgage.

You can invest too

Retail investors looking for exposure to mobile home parks have plenty of options. Acquiring a park is, perhaps, the most straightforward way to access this asset class. However, publicly-listed stocks and real estate investment trusts offer exposure too.

Sam Zell’s Equity LifeStyle Properties is listed on the New York Stock Exchange under the ticker ELS. Sun Communities Inc. (SUI) owns 146,000 units across the U.S. and some in Canada, while Legacy Housing Corp. (LEGH) builds, sells, and finances manufactured homes.

Retail and institutional investors could see more upside from this segment as the economic inefficiencies are ironed out.

Ted Cruz says there’s a ‘real risk’ that Biden’s student-loan forgiveness will help Democrats in the 2022 midterm elections

Insider

Ted Cruz says there’s a ‘real risk’ that Biden’s student-loan forgiveness will help Democrats in the 2022 midterm elections

Yelena Dzhanova – August 27, 2022

Republican Sen. Ted Cruz of Texas at the Senate on Wednesday.
Republican Sen. Ted Cruz of Texas at the Senate.Bill Clark/CQ-Roll Call via Getty Images
  • Sen. Ted Cruz said Biden’s student-loan forgiveness plan will “drive up turnout” for Democrats in November.
  • “Maybe you weren’t gonna vote in November, and suddenly you just got 20 grand,” Cruz said of the plan.
  • “If you can get off the bong for a minute … it could drive up turnout,” he said.

Sen. Ted Cruz on Friday railed against President Joe Biden’s student-loan forgiveness plan, predicting it’ll give Democrats an edge in the upcoming midterm elections.

“If you are that slacker barista who wasted seven years in college studying completely useless things, now has loans and can’t get a job, Joe Biden just gave you 20 grand,” Cruz said during an appearance on his “Verdict with Ted Cruz” podcast. “Like, holy cow! 20 grand. You know, maybe you weren’t gonna vote in November, and suddenly you just got 20 grand.”

“And you know, if you can get off the bong for a minute and head down to the voting station,” he continued. “Or just send in your mail-in ballot that the Democrats have helpfully sent you, it could drive up turnout, particularly among young people.”

Cruz said “there is a real risk” that the Democrats will net more support in November.

The Biden administration earlier this week announced a plan to cancel $10,000 in student-loan debt for borrowers whose annual income does not exceed $125,000.

“For too many people, student loan debt has hindered their ability to achieve their dreams—including buying a home, starting a business, or providing for their family,” Education Secretary Miguel Cardona said in a statement. “Getting an education should set us free; not strap us down! That’s why, since Day One, the Biden-Harris administration has worked to fix broken federal student aid programs and deliver unprecedented relief to borrowers.”

Prominent Democrats like Sen. Bernie Sanders have slammed Cruz’s remarks.

“This is what a leading Republican thinks of young ‘slacker’ Americans who took out loans to go to college,” Sanders tweeted in response to a clip of his remarks.

A former official working in the Obama administration also criticized Cruz.

“Since Ted Cruz knows baristas have been spitting in his coffee for years, it’s technically not punching down,” said Brandon Friedman, former deputy assistant secretary for public affairs at the United States Department of Housing and Urban

Ukraine nuclear plant reconnected to grid; narrowly avoided disaster, Zelenskyy says

NBC News

Ukraine nuclear plant reconnected to grid; narrowly avoided disaster, Zelenskyy says

Yuliya Talmazan and Artem Grudinin – August 26, 2022

The world narrowly avoided a radiation disaster after a Russian-controlled nuclear plant was completely disconnected from Ukraine’s power grid, President Volodymyr Zelenskyy has warned.

The Zaporizhzhia nuclear power plant, Europe’s largest, was back on the grid and supplying electricity to Ukraine on Friday, officials said, a day after it was disconnected from the national power grid for the first time in its 40-year history.

Zelenskyy said in a late-night video address Thursday that after the last working line connecting it to Ukraine’s power grid was damaged by Russian shelling, it was only the plant’s safety systems kicking in with backup power that had averted catastrophe.

“The world must understand what a threat this is: If the diesel generators hadn’t turned on, if the automation and our staff had not reacted after the blackout, then we would now be forced to overcome the consequences of the radiation accident,” he said.

“Russia has put Ukraine and all Europeans in a situation one step away from a radiation disaster,” Zelenskyy added.

Russia blamed Ukraine for the incident. NBC News has not verified either side’s claims.

Earlier Friday, the country’s state nuclear company, Energoatom, said the plant itself was being safely powered through a repaired line from the power grid. There were no issues with the plant’s machinery or safety systems, it said.

It later announced that the plant was reconnected to Ukraine’s power grid and was producing electricity to meet the country’s needs. The agency hailed the plant’s staff as heroes who “tirelessly and firmly hold the nuclear and radiation safety of Ukraine and the whole of Europe on their shoulders.”

But authorities nonetheless began distributing iodine tablets to residents near the plant Friday in case of a radiation leak, amid mounting fears that the fighting around the complex could trigger a catastrophe, the Zaporizhzhia regional military administration confirmed to NBC News.

Russian-installed officials in the surrounding Zaporizhzhia region sought to play down the gravity of the situation. “There was just an emergency situation” that was handled by the plant’s safety systems, Alexander Volga, a Russian-installed official in the nearby town of Enerhodar, told the state news agency Tass on Friday.

Intense fighting around the site has spurred growing fears of a catastrophe. The two sides have traded blame for the attacks, with world leaders calling for a demilitarized zone around the nuclear complex while pushing for access for United Nations inspectors.

Any damage to the plant would be “suicide,” U.N. Secretary-General Antonio Guterres warned earlier this month.

“It was potentially a very, very dangerous situation,” said Hamish de Bretton-Gordon, who led the chemical, biological, radiological and nuclear defense forces known as CBRN in both the British army and NATO.

Cooling systems and other mechanisms that are essential to the safe operation of the reactors need power to run them, while emergency diesel generators are sometimes unreliable.

“The generators at Zaporizhzhia are in an unknown condition, thought to be not in great condition mainly because the Russians have occupied the site for six months, had not allowed inspectors in and maintenance has not been taking place as it should be,” de Bretton-Gordon said. “So we now have the safety mechanisms being run on generators, which we are not 100% certain are reliable.”

“Absolutely had those generators failed, we would then be in a serious position,” he added.

Nuclear experts have raised concerns before about the risk the fighting could pose to the plant’s reactors and the silos of nuclear waste around it.

Ukraine and its international allies, including the United States, have been urging Russia to hand over control of the plant. Moscow captured the site in March and has controlled it since, although Ukrainian engineers still operate it.

As the accusations flew about the plant, Belarus’ authoritarian leader President Alexander Lukashenko said Friday that the country’s warplanes have been modified to carry nuclear weapons in line with an agreement with ally Russia.

Lukashenko said the upgrade followed his June meeting with Russian President Vladimir Putin, who offered to make Belarusian combat aircraft nuclear-capable at Russian factories and to help train pilots.

“Do you think it was all blather?” Lukashenko said to reporters Friday. “All of it has been done.”

It’s Over: Trump Will Be Indicted

Daily Beast

It’s Over: Trump Will Be Indicted

Brad Moss – August 26, 2022

Brandon Bell/Getty Images
Brandon Bell/Getty Images

I have finally seen enough. Donald Trump will be indicted by a federal grand jury.

You heard me right: I believe Trump will actually be indicted for a criminal offense. Even with all its redactions, the probable cause affidavit published today by the magistrate judge in Florida makes clear to me three essential points:

(1) Trump was in unauthorized possession of national defense information, namely properly marked classified documents.

(2) He was put on notice by the U.S. Government that he was not permitted to retain those documents at Mar-a-Lago.

(3) He continued to maintain possession of the documents (and allegedly undertook efforts to conceal them in different places throughout the property) up until the FBI finally executed a search warrant earlier this month.

Read the Redacted Mar-a-Lago Affidavit the Feds Just Released

That is the ball game, folks. Absent some unforeseen change in factual or legal circumstances, I believe there is little left for the Justice Department to do but decide whether to wait until after the midterms to formally seek the indictment from the grand jury.

The cruelest irony for Trump is that it never needed to be this way.

Put aside that in the chaos following his election loss Trump’s team never undertook the normal procedure for properly sorting through and archiving his presidential records in coordination with the National Archives and Records Administration (NARA). Put aside that properly marked classified records were shipped to Mar-a-Lago and sat there for months until he began turning stuff over to NARA in late 2021.

If he had fully cooperated at that point, and returned all of the records to NARA last year, this likely never would have become a criminal matter. DOJ would have declined to take any action, notwithstanding the existence of the classified records, and it would have been a “no harm, no foul” situation. Just another minor story in the Trump saga of incompetence.

But Trump just could not bring himself to play by the rules. He turned over 15 boxes last January but did not turn over all the records. Political operatives from conservative organizations started whispering into his ear that he had legal precedent on his side to refuse to turn over the classified records to NARA (he did not). His lawyers surprisingly wrote a rather condescending letter to DOJ in May 2022, effectively arguing that even if there were still classified records at Mar-a-Lago the FBI lacked the authority to take any criminal action against Trump given his former status as president. Then, in June 2022 after the FBI executed a subpoena to recover more records at Mar-a-Lago, two Trump lawyers wrote (and one signed) a sworn affidavit reassuring the government there were no more classified records at the property.

We now know that statement was not true. The FBI found multiple more classified records, including some with markings for Top Secret/Sensitive Compartmented Information (TS/SCI) during the search this month, and not just located in the storage room with the other boxes of records. They found records located in different parts of Mar-a-Lago.

Of course, there are various arguments for why a prosecution might not succeed in this situation.

There is the contention by Trump and his allies that he declassified the documents, whether through a “standing order” or more specific verbal action. No evidence has been produced corroborating that assertion, and there certainly is no indication that the classification markings themselves were ever revised to reflect the declassification. The Trump lawyers in May certainly did not provide any such evidence in their letter to DOJ, and they similarly provided no evidence of it in their “motion” filed earlier this week in district court in Florida seeking a Special Master.

And that is before we even consider if the classification status would matter for an Espionage Act prosecution, which only requires that the information relate to the national defense.

Trump’s Coup Attempt Will Always Be a Way Worse Crime Than Stealing Documents

There is also the issue of selective political prosecution and supposed bad faith by the government in its decision to pursue the case. This is something that has been mentioned ad nauseum by Trump allies on cable news, and was briefly mentioned in the “motion” filed earlier this week in court. Lacking from those arguments is anything beyond rank speculation. That will not fly in court. Just ask Sidney Powell how well it works to try to litigate in court the way you argue on cable news. Hint: it does not go well.

All in all, this case should and in my opinion will result in an indictment. Sure, an indictment does not equal a conviction. Trump is still assumed innocent until proven guilty. There are unknown variables like whether the prosecution would occur in Florida or in D.C. We do not know what evidence Trump might have to substantiate his declassification claim. And we do not know what the courts would say about his various arguments.

Get the popcorn ready either way.

Bradley P. Moss is a Partner and national security attorney at the Washington, D.C. Law Office of Mark S. Zaid, P.C. 

Murkowski’s primary win spurs interest in election reforms, as well as criticism

Yahoo! News

Murkowski’s primary win spurs interest in election reforms, as well as criticism

Jon Ward, Chief National Correspondent – August 23, 2022

Republican Sen. Lisa Murkowski’s surprisingly strong showing in Alaska last week has sparked new interest in election reforms used by the state and that could be a model for the rest of the country, as well as scrutiny from those who suspect the changes may favor one party more than another.

Murkowski, a Republican, was targeted for defeat by former President Trump, whom she voted to impeach after the January 6, 2021 assault on the U.S. Capitol. But Murkowski received the most votes of any candidate in the nonpartisan primary, with 44% of the vote to just under 40% for the Trump-backed candidate, Kelly Tshibaka. The rest of the vote was split between a handful of other contenders.

Kelly Tshibaka with Donald Trump
Senate candidate Kelly Tshibaka with Donald Trump during a rally in Anchorage, Alaska, July 9. (Patrick T. Fallon/AFP via Getty Images)

If Alaska had conducted its primaries the way it has in the past — the way most states still do — Murkowski likely would have lost to Tshibaka. But election reform advocates say it’s a mistake to view the new system as helpful or hostile to either Republicans or Democrats.

“This doesn’t mean Trump-endorsed candidates don’t win. If that’s who a majority of November voters want, that’s who they get. It just means all November voters have a voice rather than just 10% of people who turn out in summer primaries,” said Katherine Gehl, founder of the Institute for Political Innovation, a group that has pushed for the changes.

In other words, Alaska’s new system stops a minority of voters in either party from eliminating a candidate with broad appeal before most voters even cast ballots.

In 2020, Alaska voters approved a system which discarded multiple party primaries and merged them all into one contest. Last week, all voters cast ballots in one single primary, rather than separate primaries for Republicans, Democrats and other minor parties.

The top four vote-getters advanced to the fall election, the final round of voting. Murkowski, with 82% of the vote counted, has received almost 69,000 votes, far more than the 39,545 she received in the 2016 Republican primary and more than the 53,872 votes she received in the 2010 Republican primary.

Murkowski lost that 2010 primary to a more right-wing Republican candidate, Joe Miller, but she ran as a write-in candidate in the fall general election, and pulled off a remarkable and decisive victory.

Sen. Lisa Murkowski
Sen. Lisa Murkowski at the Capitol on July 21. (Anna Moneymaker/Getty Images)

The second change Alaskans made in 2020 was to the fall election, known as the general election. The winner of that contest will now be chosen by ranked-choice voting, ensuring that the eventual winner will receive more than 50% support from the voters, rather than winning with less than 50% as other candidates split up the rest of the vote.

Much of the attention on election reforms in the past few years has been on ranked-choice voting. But Murkowski’s survival last week had nothing to do with ranked choice.

Reform advocates increasingly say that it is the combination of nonpartisan primaries with ranked-choice voting that will do the most to depolarize American politics and empower politicians to fix problems, and their emphasis is ever more so on the primary part of the equation.

“We see the combination of nonpartisan primaries and ranked-choice voting as the most powerful election reform,” Nick Troiano, executive director of Unite America, told Yahoo News. Unite America published a report last year showing that 8 out of 10 members of Congress are effectively chosen by about 10% of voters, because of the party primary system.

“Reform is gaining momentum as more Americans are realizing that if they want to fix the people they have to fix the system,” Troiano said.

Sarah Palin
Sarah Palin at the Conservative Political Action Conference earlier this year. (Lev Radin/Pacific Press/LightRocket via Getty Images)

But some Republicans in Alaska have attacked the voting reforms. Former Alaska Gov. Sarah Palin, who is running for Congress, has been one of the loudest critics. Palin called the new system “crazy” and “cockamamie” even though it might enable her to win the special election for former Rep. Don Young’s open seat, even though she finished second in the first round of voting.

Palin finished with 32% of the vote, behind Democrat Mary Peltola’s 38%, but ahead of fellow Republican Nick Begich’s 29%. If enough of Begich’s voters listed Palin as their second choice, she could end up the winner when all the votes are finally tabulated on August 31.

Republicans in the state legislature also told the Anchorage Daily News that there will likely be efforts to repeal parts of the new system in the next legislative session. And right-wing activists have complained that Murkowski worked behind the scenes to help pass the nonpartisan primary and ranked-choice system because it would favor her politically.

But in Nevada, Democrats are opposing the push by reformers to enact the very same system that Republicans are complaining about in Alaska. Democratic Gov. Steve Sisolak and both U.S. senators, Jacky Rosen and Catherine Cortez Masto — both also Democrats — all are against the changes. And Democrats in Nevada led the legal challenge to stop the issue to be decided by voters in the first place, but the state Supreme Court ruled in June that the reforms would be allowed on the ballot this fall.

Nevada voters will have to approve of the nonpartisan primary and ranked-choice system in two separate referendums, this year and again in 2024, for it to become state law.

Gov. Steve Sisolak
Gov. Steve Sisolak, D-Nev. (Bill Clark/CQ-Roll Call via Getty Images)

“I’d be worried if we were not attracting political opposition because that would mean the status quo is not threatened by these reforms,” Troiano said.

It makes sense that both political parties find it disconcerting to get rid of party primaries. It is the way that they have chosen a nominee for every political office since the 1970s, when party bosses lost control of the nominating process.

But public discontent with the political status quo is rising. A recent New York Times/Siena College poll found that 50% of Americans think the country’s system of government should have “major reforms,” and 8% think it should be “completely replaced.” Another 29% said they think at least “minor changes” are required.

Troiano shared the results of a recent poll conducted by Frank Luntz for Unite America that showed 65% support for a nonpartisan primary, and only 13% opposition.

And as the number of unaffiliated voters rises in some states, it may be that letting go of the party primary is the best way for Republicans and Democrats to reduce the chance of a viable third-party establishing itself, or of multiple parties bursting through. These election reforms would enable both parties to grow beyond their most extreme and hardline voters and to send representatives to Congress, state legislatures and even the presidency. The reforms would bolster pragmatic politicians who are looking to please the majority of voters by solving problems rather than a small slice of the electorate that only wants them to fight the other side.

“Eventually, one of two things will happen: Either more states will adopt Alaska’s system, or the frustrated middle will become large enough to push both sides out,” wrote Henry Olsen, a conservative columnist for the Washington Post. “That latter response is what’s happening in many European countries as traditional parties are swept aside in favor of new, outsider ones.”

Trump envoy releases letter from National Archives deemed ‘extraordinarily damning’ for Trump

The Week

Trump envoy releases letter from National Archives deemed ‘extraordinarily damning’ for Trump

Peter Weber, Senior editor – August 23, 2022

U.S. National Archives

The National Archives and Records Administration waited until May 12 to give the FBI access to the highly classified documents retrieved from former President Donald Trump in January, despite the Justice Department’s “urgent” requests for the materials, according to a letter from National Archivist Debra Wall released late Monday by conservative journalist John Solomon, one of Trump’s two authorized NARA liaisons.

The May 10 letter to Trump’s lawyers also affirms that the National Archives found more than 700 pages of classified documents, including “special access program materials” — among the most highly classified secrets in government — in the 15 boxes recovered from Trump’s Mar-a-Lago complex. More classified material was taken from Mar-a-Lago by the FBI in June and August.

Much of the letter covers Wall’s rejection of a request by Trump’s lawyers to shield the documents from the FBI on executive privilege grounds. The White House counsel said President Biden “defers to my determination,” Wall wrote, and after discussions with the Office of Legal Counsel, “the question in this case is not a close one.”

“The executive branch here is seeking access to records belonging to, and in the custody of, the federal government itself,” Wall wrote, “not only in order to investigate whether those records were handled in an unlawful manner but also, as the National Security Division explained, to ‘conduct an assessment of the potential damage resulting from the apparent manner in which these materials were stored and transported and take any necessary remedial steps.'”

The letter released by Trump’s team is “extraordinarily damning for Trump” and his team, Politico‘s Kyle Cheney marveled on Twitter. “Trump allies pointed to this letter as some kind of evidence of Biden White House meddling,” but “what it shows is officials expressing extreme alarm about national security damage based on records being held by Trump.”

The NARA letter is “damning” to Trump “on any number of levels,” including its “lack of any reference to a claim by Trump’s representatives that he had declassified any of the classified materials,” adds University of Texas law professor Steve Vladeck. “It’s also telling that, even though this letter really hurts the Trump version of events, it wasn’t released by the Biden Administration or NARA. It was released by Trump’s own team — both a self-inflicted wound and further proof of how the government has been playing by the rules.”

Polio in US, UK and Israel reveals rare risk of oral vaccine

Associated Press

Polio in US, UK and Israel reveals rare risk of oral vaccine

Maria Cheng – August 21, 2022

FILE - An Afghan health worker uses an oral polio vaccine on a child as part of a campaign to eliminate polio, on the outskirts of Kabul, Afghanistan, April 18, 2017. For years, global health officials have used billions of drops of an oral vaccine in a remarkably effective campaign aimed at wiping out polio in its last remaining strongholds — typically, poor, politically unstable corners of the world. Now, in a surprising twist in the decades-long effort to eradicate the virus, authorities in Jerusalem, New York and London have discovered evidence that polio is spreading there. The source of the virus? The oral vaccine itself. (AP Photo/Rahmat Gul, File)
An Afghan health worker uses an oral polio vaccine on a child as part of a campaign to eliminate polio, on the outskirts of Kabul, Afghanistan, April 18, 2017. For years, global health officials have used billions of drops of an oral vaccine in a remarkably effective campaign aimed at wiping out polio in its last remaining strongholds — typically, poor, politically unstable corners of the world. Now, in a surprising twist in the decades-long effort to eradicate the virus, authorities in Jerusalem, New York and London have discovered evidence that polio is spreading there. The source of the virus? The oral vaccine itself. (AP Photo/Rahmat Gul, File)
FILE - An auto rickshaw with a poster advertising an oral polio campaign, drives through a market in Peshawar, Pakistan in this 2020 photo. In a surprising twist in the decades-long effort to eradicate the virus, authorities in Jerusalem, New York and London have discovered evidence that polio is spreading there. The source of the virus? The oral vaccine itself. For years, global health officials have used an oral vaccine in an attempt to wipe out polio from its last remaining strongholds in countries including Afghanistan, Pakistan and Nigeria. (AP Photo/Muhammad Sajjad, File)
An auto rickshaw with a poster advertising an oral polio campaign, drives through a market in Peshawar, Pakistan in this 2020 photo. In a surprising twist in the decades-long effort to eradicate the virus, authorities in Jerusalem, New York and London have discovered evidence that polio is spreading there. The source of the virus? The oral vaccine itself. For years, global health officials have used an oral vaccine in an attempt to wipe out polio from its last remaining strongholds in countries including Afghanistan, Pakistan and Nigeria. (AP Photo/Muhammad Sajjad, File)
FILE - An Afghan polio victim makes her way in a wheelchair in the International Committee of the Red Cross (ICRC) physical rehabilitation center in Kabul, Afghanistan, May 16, 2022. In a surprising twist in the decades-long effort to eradicate the virus, authorities in Jerusalem, New York and London have discovered evidence that polio is spreading there. The source of the virus? The oral vaccine itself. For years, global health officials have used an oral vaccine in an attempt to wipe out polio from its last remaining strongholds in countries including Afghanistan, Pakistan and Nigeria. (AP Photo/Ebrahim Noroozi, File)
An Afghan polio victim makes her way in a wheelchair in the International Committee of the Red Cross (ICRC) physical rehabilitation center in Kabul, Afghanistan, May 16, 2022. In a surprising twist in the decades-long effort to eradicate the virus, authorities in Jerusalem, New York and London have discovered evidence that polio is spreading there. The source of the virus? The oral vaccine itself. For years, global health officials have used an oral vaccine in an attempt to wipe out polio from its last remaining strongholds in countries including Afghanistan, Pakistan and Nigeria. (AP Photo/Ebrahim Noroozi, File)
FILE - A bloodied polio vaccine cooler is left on the ground after women working to administer the anti-polio vaccine were killed by gunmen in the city of Jalalabad east of Kabul, Afghanistan, March 30, 2021. Aidan O'Leary, director of the World Health Organization's polio department, described the recent discovery of polio spreading in London and New York as "a major surprise," saying that officials have been focused on eradicating the disease in Afghanistan and Pakistan, where health workers have been killed for immunizing children and where conflict has made access to some areas impossible. (AP Photo, File)
 A bloodied polio vaccine cooler is left on the ground after women working to administer the anti-polio vaccine were killed by gunmen in the city of Jalalabad east of Kabul, Afghanistan, March 30, 2021. Aidan O’Leary, director of the World Health Organization’s polio department, described the recent discovery of polio spreading in London and New York as “a major surprise,” saying that officials have been focused on eradicating the disease in Afghanistan and Pakistan, where health workers have been killed for immunizing children and where conflict has made access to some areas impossible. (AP Photo, File)
FILE - A police officer escorts health workers arriving to administer polio vaccine in a slum area of Peshawar, Pakistan, Jan. 24, 2022. Aidan O'Leary, director of the World Health Organization's polio department, described the recent discovery of polio spreading in London and New York as "a major surprise," saying that officials have been focused on eradicating the disease in Afghanistan and Pakistan, where health workers have been killed for immunizing children and where conflict has made access to some areas impossible. (AP Photo/Muhammad Sajjad, File)
A police officer escorts health workers arriving to administer polio vaccine in a slum area of Peshawar, Pakistan, Jan. 24, 2022. Aidan O’Leary, director of the World Health Organization’s polio department, described the recent discovery of polio spreading in London and New York as “a major surprise,” saying that officials have been focused on eradicating the disease in Afghanistan and Pakistan, where health workers have been killed for immunizing children and where conflict has made access to some areas impossible. (AP Photo/Muhammad Sajjad, File)
FILE - Then U.S. President Bill Clinton and First Lady Hillary Rodham Clinton watch as nurse Dorothy Sellers administers an oral polio vaccine to 20-month-old Danielle Bailey at an Arlington County health clinic in Arlington, Va., Feb. 13, 1993. The oral vaccine is credited with dramatically reducing the number of children paralyzed by polio. For years, global health officials have used an oral vaccine in an attempt to wipe out polio from its last remaining strongholds in countries including Afghanistan, Pakistan and Nigeria. In recent weeks, scientists have found evidence of polio spread within Israel, the U.S. and Britain and genetic analyses show the viruses are not only connected, but that the cases were triggered by viruses linked to the oral vaccine. (AP Photo/Greg Gibson, File)
Then U.S. President Bill Clinton and First Lady Hillary Rodham Clinton watch as nurse Dorothy Sellers administers an oral polio vaccine to 20-month-old Danielle Bailey at an Arlington County health clinic in Arlington, Va., Feb. 13, 1993. The oral vaccine is credited with dramatically reducing the number of children paralyzed by polio. For years, global health officials have used an oral vaccine in an attempt to wipe out polio from its last remaining strongholds in countries including Afghanistan, Pakistan and Nigeria. In recent weeks, scientists have found evidence of polio spread within Israel, the U.S. and Britain and genetic analyses show the viruses are not only connected, but that the cases were triggered by viruses linked to the oral vaccine. (AP Photo/Greg Gibson, File)
FILE - A health worker gives an oral polio vaccine to a girl on a street in Lahore, Pakistan, June 27, 2022. For years, global health officials have used billions of drops of an oral vaccine in a remarkably effective campaign aimed at wiping out polio in its last remaining strongholds — typically, poor, politically unstable corners of the world. Now, in a surprising twist in the decades-long effort to eradicate the virus, authorities in Jerusalem, New York and London have discovered evidence that polio is spreading there. The source of the virus? The oral vaccine itself. (AP Photo/K.M. Chaudary, File)
A health worker gives an oral polio vaccine to a girl on a street in Lahore, Pakistan, June 27, 2022. For years, global health officials have used billions of drops of an oral vaccine in a remarkably effective campaign aimed at wiping out polio in its last remaining strongholds — typically, poor, politically unstable corners of the world. Now, in a surprising twist in the decades-long effort to eradicate the virus, authorities in Jerusalem, New York and London have discovered evidence that polio is spreading there. The source of the virus? The oral vaccine itself. (AP Photo/K.M. Chaudary, File)

LONDON (AP) — For years, global health officials have used billions of drops of an oral vaccine in a remarkably effective campaign aimed at wiping out polio in its last remaining strongholds — typically, poor, politically unstable corners of the world.

Now, in a surprising twist in the decades-long effort to eradicate the virus, authorities in Jerusalem, New York and London have discovered evidence that polio is spreading there.

The original source of the virus? The oral vaccine itself.

Scientists have long known about this extremely rare phenomenon. That is why some countries have switched to other polio vaccines. But these incidental infections from the oral formula are becoming more glaring as the world inches closer to eradication of the disease and the number of polio cases caused by the wild, or naturally circulating, virus plummets.

Since 2017, there have been 396 cases of polio caused by the wild virus, versus more than 2,600 linked to the oral vaccine, according to figures from the World Health Organization and its partners.

“We are basically replacing the wild virus with the virus in the vaccine, which is now leading to new outbreaks,” said Scott Barrett, a Columbia University professor who has studied polio eradication. “I would assume that countries like the U.K. and the U.S. will be able to stop transmission quite quickly, but we also thought that about monkeypox.”

The latest incidents represent the first time in several years that vaccine-connected polio virus has turned up in rich countries.

Earlier this year, officials in Israel detected polio in an unvaccinated 3-year-old, who suffered paralysis. Several other children, nearly all of them unvaccinated, were found to have the virus but no symptoms.

In June, British authorities reported finding evidence in sewage that the virus was spreading, though no infections in people were identified. Last week, the government said all children in London ages 1 to 9 would be offered a booster shot.

In the U.S., an unvaccinated young adult suffered paralysis in his legs after being infected with polio, New York officials revealed last month. The virus has also shown up in New York sewers, suggesting it is spreading. But officials said they are not planning a booster campaign because they believe the state’s high vaccination rate should offer enough protection.

Genetic analyses showed that the viruses in the three countries were all “vaccine-derived,” meaning that they were mutated versions of a virus that originated in the oral vaccine.

The oral vaccine at issue has been used since 1988 because it is cheap, easy to administer — two drops are put directly into children’s mouths — and better at protecting entire populations where polio is spreading. It contains a weakened form of the live virus.

But it can also cause polio in about two to four children per 2 million doses. (Four doses are required to be fully immunized.) In extremely rare cases, the weakened virus can also sometimes mutate into a more dangerous form and spark outbreaks, especially in places with poor sanitation and low vaccination levels.

These outbreaks typically begin when people who are vaccinated shed live virus from the vaccine in their feces. From there, the virus can spread within the community and, over time, turn into a form that can paralyze people and start new epidemics.

Many countries that eliminated polio switched to injectable vaccines containing a killed virus decades ago to avoid such risks; the Nordic countries and the Netherlands never used the oral vaccine. The ultimate goal is to move the entire world to the shots once wild polio is eradicated, but some scientists argue that the switch should happen sooner.

“We probably could never have gotten on top of polio in the developing world without the (oral polio vaccine), but this is the price we’re now paying,” said Dr. Paul Offit, director of the Vaccine Education Center at the Children’s Hospital of Philadelphia. “The only way we are going to eliminate polio is to eliminate the use of the oral vaccine.”

Aidan O’Leary, director of WHO’s polio department, described the discovery of polio spreading in London and New York as “a major surprise,” saying that officials have been focused on eradicating the disease in Afghanistan and Pakistan, where health workers have been killed for immunizing children and where conflict has made access to some areas impossible.

Still, O’Leary said he is confident Israel, Britain and the U.S. will shut down their newly identified outbreaks quickly.

The oral vaccine is credited with dramatically reducing the number of children paralyzed by polio. When the global eradication effort began in 1988, there were about 350,000 cases of wild polio a year. So far this year, there have been 19 cases of wild polio, all in Pakistan, Afghanistan and Mozambique.

In 2020, the number of polio cases linked to the vaccine hit a peak of more than 1,100 spread out across dozens of countries. It has since declined to around 200 this year so far.

Last year, WHO and partners also began using a newer oral polio vaccine, which contains a live but weakened virus that scientists believe is less likely to mutate into a dangerous form. But supplies are limited.

To stop polio in Britain, the U.S. and Israel, what is needed is more vaccination, experts say. That is something Columbia University’s Barrett worries could be challenging in the COVID-19 era.

“What’s different now is a reduction in trust of authorities and the political polarization in countries like the U.S. and the U.K.,” Barrett said. “The presumption that we can quickly get vaccination numbers up quickly may be more challenging now.”

Oyewale Tomori, a virologist who helped direct Nigeria’s effort to eliminate polio, said that in the past, he and colleagues balked at describing outbreaks as “vaccine-derived,” wary it would make people fearful of the vaccine.

“All we can do is explain how the vaccine works and hope that people understand that immunization is the best protection, but it’s complicated,” Tomori said. “In hindsight, maybe it would have been better not to use this vaccine, but at that time, nobody knew it would turn out like this.”

The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content.

Trump frantically packed up documents to take with him in the last days of his presidency

Insider

Trump frantically packed up documents to take with him in the last days of his presidency after finally accepting he was leaving the White House, report says

Kelsey Vlamis – August 13, 2022

President Donald Trump talks to reporters while hosting Republican Congressional leaders and members of his cabinet in the Oval Office at the White House July 20, 2020 in Washington, DC.
President Donald Trump talks to reporters while hosting Republican Congressional leaders and members of his cabinet in the Oval Office at the White House July 20, 2020 in Washington, DC.Doug Mills-Pool/Getty Images
  • FBI agents recovered classified materials during a raid on Mar-a-Lago Monday, court documents say.
  • Sources told NBC News that in the last days of Trump’s presidency aides rushed to pack up documents.
  • One source said Trump didn’t seriously start preparing to exit the White House until after January 6.

Between the January 6 Capitol attack, challenges to the 2020 election, and his impending second impeachment, President Donald Trump had some chaotic final days in office.

Amid the chaos and the realization that every election challenge was failing, Trump began instructing aides to pack up documents he planned to take with him to Mar-a-Lago, according to an NBC News report published Saturday.

Two sources with knowledge of the situation told the outlet Trump’s aides were hurriedly stuffing documents and other materials into banker boxes that were then shipped to Mar-a-Lago, Trump’s Palm Beach club and residence.

One source said Trump only seriously began making plans to leave the White House after January 6, his final two weeks in office, after months of baselessly claiming he had won the election.

“It was a chaotic exit,” the source told NBC. “Everyone piled everything — staff, the White House movers — into the moving trucks. When they got to Mar-a-Lago, they piled everything there in this storage room, except for things like the first lady’s clothes. Everything in a box went there.”

The source said Trump was in a “dark place” at the time and that “he didn’t care about the boxes,” adding: “If you had brought him into that storeroom, and asked, ‘Which are your presidential papers?’ he couldn’t tell you.”

Mar-a-Lago was raided on Monday by FBI agents who seized 11 boxes of classified materials, some labeled “top secret,” according to court records unsealed Friday. The raid was part of the Justice Department’s investigation into possible violations of three laws related to handling government records, including part of the Espionage Act.

Trump has denied any wrongdoing and claimed he had declassified all the records at Mar-a-Lago, though he did not provide documentation of the declassification.

The New York Times reported on Saturday that one of Trump’s lawyers told the Justice Department in June that all classified documents had been returned. But, given the recovery of additional classified documents on Monday, the report raised questions about how cooperative and forthcoming the former president and his team have been with investigators.

Trump’s office did not immediately respond to Insider’s request for comment.

During his four years in office, Trump developed a reputation for being flippant with presidential records, which are required by law to be preserved. Reports have said Trump would rip up papers or even flush them down the toilet. Some of his former staff members also said he would ask to keep certain documents.

Cheney predicts a lengthy fight for American democracy in her campaign’s closing message

Yahoo! News

Cheney predicts a lengthy fight for American democracy in her campaign’s closing message

Jon Ward, Chief National Correspondent – August 11, 2022

Rep. Liz Cheney released a closing message video ahead of a Republican primary she is expected to lose next week, framing the congressional race as part of a bigger fight for the soul of the nation.

Regardless of the race’s outcome, Cheney, a Wyoming Republican, has publicly hinted recently that she will run for president in 2024. Privately, those close to her have done nothing to discourage others from assuming she will. And while her video message spoke of a long fight required to reject the “poisonous lies” of former President Donald Trump about the 2020 election, she did not give any specific hints about her future plans.

Cheney did, however, talk of a cause that she said would unite Republicans, Democrats and independents. That is a nod to a national effort she seems intent on leading that transcends party and ideology.

“America cannot remain free if we abandon the truth. The lie that the 2020 presidential election was stolen is insidious. It preys on those who love their country. It is a door Donald Trump opened to manipulate Americans to abandon their principles, to sacrifice their freedom, to justify violence, to ignore the rulings of our courts and the rule of law,” Cheney said.

“This is Donald Trump’s legacy, but it cannot be the future of our nation,” she said.

Liz Cheney
Rep. Liz Cheney. (Via YouTube)

“If we do not condemn these lies, if we do not hold those responsible to account, we will be excusing this conduct and it will become a feature of all elections. America will never be the same.”

Polls show Cheney is likely to lose her seat in Congress next Tuesday by double-digit margins, to a Republican primary challenger who has shown fealty to Trump and his baseless claims of a rigged election in 2020.

That challenger, Harriet Hageman, is expected not only to win the primary contest for Wyoming’s only congressional seat but, in a state that is largely Republican, to easily win the fall election.

Cheney has said for over a year that she is intent on keeping Trump out of the presidency for a second time, following his central role in fomenting an assault on the Capitol on Jan. 6, 2021.

Since then she has been the top Republican on the select committee investigating Jan 6. The panel’s work has revealed how much of what happened on Jan. 6 was premeditated by Trump and his allies.

The questions facing Cheney now — if she does lose to Hageman — will revolve around how much she says about her future plans, including a possible White House run.

Saudi firm has pumped Arizona groundwater for years without paying. Time to pony up

Saudi firm has pumped Arizona groundwater for years without paying. Time to pony up

Bruce Babbitt and Robert Lane – August 11, 2022

The Butler Valley is an empty stretch of desert west of Phoenix, worthy of note for two reasons.

  • It holds more than 6 million acre-feet of groundwater, strategically located near the Central Arizona Project canal.
  • And more than 99% of Butler Valley is owned by the state of Arizona in trust for the support of public schools.

In 1982 as the Central Arizona Project canal neared completion, Wes Steiner, the renowned director of the Department of Water Resources, proposed that the state set aside Butler Valley as a groundwater reserve for future use in connection with the CAP.

Acting on his advice, we worked with the federal Bureau of Land Management to transfer the Valley into state ownership to be managed by the State Land Department.

How much water has Fodomonte pumped?

In June, The Arizona Republic uncovered the story of how the State Land Department had recently handed over thousands of acres to a Saudi corporation called Fondomonte, giving it permission to pump unlimited amounts of groundwater to grow alfalfa hay for export to Saudi Arabia.

This tale of official misfeasance began in 2015 when the State Land Department began leasing land to Fondomonte at an annual rental of just $25 per acre.

Sweet deal for Saudis: Arizona allows farm to use Phoenix’s backup supply

However, the 2015 lease in addition allowed Fondomonte to pump unlimited amounts of groundwater at no cost whatever.

How much is Fondomonte pumping? The company refuses to disclose how much water it uses each year, and the State Land Department has never bothered to demand reports. That Fondomonte is growing alfalfa year round on approximately 3,500 acres can be verified from aerial photos.

And according to U.S. Geological Survey studies, alfalfa in Butler Valley requires 6.4 acre-feet of water per acre. That means the company has likely been pumping 22,400 acre-feet of water each year for the last 7 years.

Void its lease, charge for past rent

How much should the state be charging for this water? The Arizona Constitution, Article 10, Section 4, requires that land leases and “products of land” … “shall be appraised at their true value.”

The appropriate method for determining true value is hiding in plain sight. The Central Arizona Project sells water to customers throughout Maricopa County for $242 per acre foot delivered through the project canal that passes just south of Butler Valley.

Add these figures, and Fondomonte should have been paying $5.42 million per year for each of the last seven years.

What should be done to clean up this scandal? First, Gov. Doug Ducey should instruct the State Land Department to void the lease and restore Butler Valley to its intended use as a groundwater reserve for the future.

Second, Gov. Ducey should instruct the attorney general to collect past due rentals of about $38 million to be held in trust for the benefit of Arizona school children.

Bruce Babbitt served as governor of Arizona from 1978 to 1987. Robert Lane served as State Land commissioner from 1982 to 1987.